PRZOOM - /newswire/ -
Essen, Nordrhein-Westfalen, Germany, 2011/10/20 - Third contract for express rail link for EUR 890 million - Share of Group subsidiary Leighton 50 percent - HOCHTIEF.com.
HOCHTIEF is constructing key elements of Hong Kong’s new mobility concept: Group subsidiary Leighton will construct the new terminus station for the Guangzhou-Shenzhen-Hong Kong Express Rail Link for EUR 890.3 million (AUD 1.2 billion). The mostly underground Express Rail Link will serve as the international gateway from the metropolis of Hong Kong to China after completion in 2015. The works will begin before the end of this month and will be carried out together with a partner. The HOCHTIEF subsidiary‘s share is 50 percent.
The Express Rail Link is a one-in-a-century project and will transport up to 100,000 passengers a day upon completion. Last year, Leighton Asia already secured two contracts for this link for a combined total of EUR 598 million. Now the third contract has been added: Centrally in Kowloon, the company together with a partner will construct a station including more than 15 platforms, customs and immigration facilities, departure lounges, duty free shops and pedestrian bridges. The Express Rail Link is one of Hong Kong’s major projects for the future. For HOCHTIEF, the development of intelligent mobility concepts and the design of metropolises are among the key strategic business fields of the Group.
About HOCHTIEF AG
HOCHTIEF (hochtief.de / hochtief.com) is one of the leading international providers of construction-related services. With more than 70 000 employees and a sales volume of EUR 20.16 billion in FY 2010, the company is represented in all the world‘s major markets. The Group's service offering in the fields of development, construction, services, concessions and operation covers the entire life cycle of infrastructure projects, real estate and facilities.
In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. With its subsidiary Leighton (HOCHTIEF share around 55 percent), the Group is market leader in Australia. Because of its engagement for
sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006.